How High Is Too High For Colorado Pot Tax?

COLORADO: After legalizing recreational marijuana last year, Colorado voters Tuesday are considering a tax on the drug.

The ballot measure represents the “politics of compromise,” said Rep. Jonathan Singer, the Democratic state legislator behind the tax proposal. The tax on marijuana must be high enough to generate revenue for enforcement but low enough to deter consumers from buying the drug on the black market, Singer said. [Read more…]